Growing Industry and BIG Business (____________ - ____________) Between the end of the end of the Civil War (_________) and World War I (_________), the United States was transformed from an ________________________ to an ___________________________ nation Part I. Manufacturing Areas Manufacturing areas were created near places with large ____________________ Part II. Why Industrialize… 1. __________________________ - Better Transportation • Brought _________________________ from the ____________ to the factories in the ___________ • • Copper, lead, and iron ore _________________carried _____________ (finished products) from ______________to people all over the country • This creates _____________________________________ • ___________________ that stretch across the continent • Now people can___________ things from ______________ around the____________ Advertising • Advertising was a way to reach _________________________________ • Consumer: a person who _________________________________ to use • Industries started __________________ – ___________________; people could order____________________ from home and the _________________would deliver them 2. New _____________________________ New ___________________________ created __________________________ and __________________________________ in the United States Henry Ford • Born on July 30, 1863 in Dearborn, ________________________ • Worked as an ______________________________ • Founded _____________ __________ ______________ • Invented the _______________ automobile (not the 1 car) using st the ____________ _______________ • _________________________: arranging workers in such a way to manufacture a product _______________________and ________________________ • Each _________________________ has __________________ • Impact on Industry: other factories copied __________ ___________ of using the________________________________ Thomas Edison Born in 1847 in __________________________ (later moved and worked in _____________________) Only completed ___________________________________ of school Started General Electric (GE) Invented the ___________________________________________ in 1879 Invented ______________________________________ Impact on Industry: _________________ the work _____________ Alexander Graham Bell Born in Scotland - ______________________to America in 1871 (US citizen in 1882) Worked with deaf children Bell’s wife and mother were both deaf President of __________________________________________________ Invented the ____________________________________ in 1876 Created ______________________________________- a telephone service Impact on Industry: Improved _______________________ 3. Increase in Labor Cities were growing _____________________! • Thousands of __________________________ were moving to the US for a better life • Immigrants were used as ___________________ (_______________) in factories • Workers were not always treated fairly 4. Access to Raw Materials • Raw Material: a material that comes from ___________________that is used to ___________________________________ • Examples: _______________, lead, ______________… • Raw materials were found in the ______________ and transported east using the _________________________ • _______________ was brought from the west to __________________to make ___________ 5. Mass Production • Mass production: making __________________________ (_____________________) of a product ________________ and ________________ • Factories would produce goods using the _________________________________ • Assembly line allowed factories to produce goods ___________________________________ Part III. BIG Business Rich business leaders used __________________ and ______________ to create ____________________________________ = BIG Business • ______________________ – when a company has __________________________________ over an industry, product, or service Examples of Big Business: 1. 2. 3. 4. Big Business - ___________________________ 1. Oil is used as a __________ _________ 2. __________________ can be ______________________________ from the _____________________ John D. Rockefeller – “Captain of the ____________ Industry” • Formed ____________________________________ in 1870 in __________ • Larger than others companies and able to set his prices _________________________ than others • He bought other __________________________________ and was able to create a ______________________________________________ Big Business - _________________________________ Steel can be manufactured quicker and cheap __________________________________________ makes it easy to make steel o Heat iron o Makes steel cheaper Andrew Carnegie – “Captain of the Steel Industry” First ______________factory in _______________________________ ____________companies that performed all ________________of ______ production (railroad, ships, steel mill, Iron ore deposits, etc.) Kept costs ___________________ and prices ______________________ Smaller companies were at a disadvantage because they were not able to make ___________ _______ __________________ Known for giving money to charities - _______________________________________ Big Business - _________________________________________ Improvements in ___________________________________ (railroads) helped boost ______________ Railroads create ___________________________ across the country Easy to move _______________________________________ (copper, lead, and iron ore) to factories in the __________________________ Easy to transport ________________________ and _____________________________ Cornelius Vanderbilt – “Captain of the Railroad and Shipping Industry” Owned ________________________________ and ________________________________ Connected the east coast to Chicago Big Business - _________________________________________ Bank – a company that ___________________ and ___________________ capital (money) Loan: _________________________ money Invest: giving money to a ______________________________. o If company does well: ___________________ ___________________! o If company fails: ______________________ ____________________. J.P. Morgan – “Captain of the Banking Industry” Started his own company, __________________________________________________. o Began as a ____________________ _____________________ _________________________ which became a leading ___________________________ firm in the nation Merged Edison General Electric and Thomson-Houston Electric Company to form ________________________ _____________________.